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The Warsaw Company must maintain a minimum cash balance of $15,000. At the beginning of June the company's cash balance was $17,000. Budgeted cash receipts
The Warsaw Company must maintain a minimum cash balance of $15,000. At the beginning of June the company's cash balance was $17,000. Budgeted cash receipts for June are $160,000 and budgeted cash disbursements are $171,000. In July The Warsaw Company will need to borrow
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A
$6,000
B
$2,000
C
$13,000
D
$9,000
I know this is an easy one but im blanking out. ty
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